Celebrate Black History Month by “Banking Black” at Urban Upbound Federal Credit Union

Urban Upbound NYC
3 min readFeb 21, 2023

Black History Month is a time to celebrate and acknowledge the contributions of Black Americans to our society. It’s also a time to reflect on the challenges and injustices faced by the Black community, including the persistent wealth gap. One way to support economic empowerment within the Black community is by investing in Black-owned financial institutions such as the Urban Upbound Federal Credit Union.

Urban Upbound Federal Credit Union is a non-profit financial institution dedicated to providing affordable and relevant financial services to its members. Located across from Queensbridge Houses, the largest public housing development in the country, and down the street from Ravenswood Houses, this credit union serves as an economic anchor for the surrounding community. As Long Island City continues to undergo rapid change, the credit union helps ensure that growth benefits all residents by keeping neighborhood assets locally owned and controlled.

Established in 2010, the UUFCU has been helping the community in northwestern Queens area build wealth through a wide range of financial services. Now, people who use any of Urban Upbound’s services in any of our sites can open an account with no membership fee, no minimum balance requirement on their checking account, and access to over 30,000 free ATMs that they can find on our mobile app. Members can also deposit their checks online, flexibly lock or unlock their cards, pay their bills, and apply for loans from their phones.

Whether you are interested in purchasing a used vehicle, refinancing an existing loan, consolidating your bills, starting up a small business, or financing other needs, the Urban Upbound Federal Credit Union has a loan for you. We proudly offer a wide variety of loans specifically designed to meet the needs of our clients. One of our most popular loans being our credit builder loan designed to repair damaged credit and create a habit of saving.

By supporting Urban Upbound Federal Credit Union, you are not only investing in a local community-based financial institution but also helping to break cycles of poverty in urban areas. The Urban Upbound Federal Credit Union provides an important source of financial services for public housing residents that may not have access to traditional banking institutions. By supporting Urban Upbound FCU, you are helping to promote financial inclusion and access to important financial resources.

This Black History Month, consider opening an account or referring a friend to help build a stronger, more equitable financial system that benefits everyone. Together, we can work towards a more just and inclusive economy for all.

Our work wouldn’t be possible without the generosity of our donors. Your donation allows us to keep reaching more families. If you’d like to learn more about our impact and work, please follow us on social media (Facebook, Instagram, Twitter, and YouTube) or subscribe to our newsletter.



Urban Upbound NYC

A collection of stories around NYC’s public housing communities curated by Urban Upbound, a non-profit organization with a mission to break cycles of poverty.